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Wells Fargo & Company 4.75% Non-Cumulative Class A Preferred Stock, Series Z

Can only be redeemed on dividend payment date

Ticker: WFC-Z

Parent Ticker: WFC

OTC Grey Market Temporary Ticker: WFCZL

Issuance Date: 01/15/2020

1st Call Date: 03/15/2025

Maturity Date: None

Shares Issued: 70,000,000

Overallotment Shares: 10,500,000

Coupon: 4.75%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.297

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa2

Fitch Rating: NR